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2016 Proposed Budget <br /> Key Factors to Consider <br /> Road Improvement Levy: <br /> ■ Typically $200,000 per year to meet annual needs; <br /> ■ Currently at $160,000, supplemented by $40,000 in MSA; <br /> ■ An increase of $40,000 in levy results in additional 1.6% <br /> levy increase for a total of 7% increase. <br /> Franchise Fees: <br /> ■ A fee on gas and electric bills; <br /> ■ Could result in $125,000 - $150,000 in revenue; <br /> ■ Maximum of $4 on each service = $8/month household. <br /> Storm Water Fees: <br /> ■ Storm Water Fund Balance $127,000; <br /> ■ Residential fee currently $55.80/year; <br /> ■ Funds adequate for one pond. <br /> Water and Sewer Fees: <br /> ■ Raised 5% in 2015; <br /> ■ Operating loss, but overall gains posted; <br /> ■ Fund Balance Water Fund $1.1M; <br /> ■ Fund Balance Water Fund $1.1M; <br /> ■ Due from other Funds $1.3M. <br />